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| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:27 |
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GOOD MORNING. LET ME CALL THE SMALL BUSINESS MEETING TO ORDER. THE TITLE OF OUR HEARING THIS MORNING... |
| 00:12:55 |
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THANK YOU, CHAIRMAN FOR CONVENING THIS TODAY. YOU HAVE BEEN A TIRELESS VOICE ON BEHALF OF SMALL BUSINESSES... |
| 00:23:00 |
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THANK YOU, SENATOR SNOWE. NOW LET ME CALL ONCE A NATURAL BRICKER AND ASK THE MEMBERS OF YOU AT THE... |
| 00:23:14 |
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THANK YOU. AND I WILL TRY TO BE BRIEF. I HAVE TO DISAGREE WITH THE CHAIR THAT THE FINANCE COMMITTEE... |
| 00:27:01 |
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THANK YOU. SENATOR BAYH? .. |
| 00:28:28 |
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NUMBER THREE, HEALTHCARE COSTS FOR SMALL BUSINESSES IN INDIANA NEXT YEAR ARE ESTIMATED TO RISE BY... |
| 00:29:50 |
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PLEASE DON'T STAY THAT LONG. [LAUGHTER] MADAM CHAIRMAN MAY JOIN IN HOLDING THIS IMPORTANT HEARING... |
| 00:33:16 |
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THANK YOU SENATOR CARDIN AND THANK YOU FOR THE HEARINGS YOU HAVE HAD. LET ME GO FIRST TO OUR PANEL... |
| 00:34:18 |
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MS. MILLS? CHAIRMAN LANDRIEU AND MEMBERS OF THE COMMITTEE IS A GREAT HONOR TO BE HERE TODAY TO TESTIFY... |
| 00:40:57 |
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THANK YOU CHAIRMEN -- CHAIRMAN LANDRIEU. |
| 00:41:02 |
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IS YOUR MICROPHONE ON? POET CLOSER -- PAUL IT CLOSER. |
| 00:41:15 |
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SENATOR SNOWE, SENATOR CARDIN IT IS SAFE TO SAY IF YOU HAVE TO SPEAK LAST AFTER THIS MANY EXPERTS... |
| 00:46:46 |
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THANK YOU SPERLING. WE WILL START WITH THE FIRST ROUND OF QUESTIONING THEN MOVE TO THE SECOND PANEL... |
| 00:47:40 |
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LANDRIEU. FOR ALL OF YOU THAT WAS SO MUCH EFFORT INTO THESE BILLS. THERE ARE A NUMBER OF PROVISIONS... |
| 00:49:12 |
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AS I SAID I HESITATE IT A LITTLE TO GET TOO MUCH IN THE COMPETING DETAILS THAT THIS TIME BUT I WILL... |
| 00:52:25 |
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OUR TIME IS EXPIRED I WILL TAKE THE LIBERTY TO ASK FOR MORE QUESTION. THE EXCHANGE'S CONTEMPLATED... |
| 00:53:07 |
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SMALL BUSINESSES CARE VERY MUCH ABOUT SIMPLICITY AND AFFORDABILITY IS SO THERE ARE MANY SMALL BUSINESSES... |
| 00:53:43 |
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THERE ARE SO MANY DIFFERENT VERY AREN'T -- VARIATIONS GOING THROUGH THE FIVE COMMITTEES I WOULD JUST... |
| 00:54:22 |
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SENATOR SNOWE? |
| 00:54:24 |
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I HOPE THE RIGHT ANSWER IS A NATIONAL PLAN. [LAUGHTER] THAT IS A CRITICAL ISSUE FOR THE SMALL BUSINESS... |
| 00:56:59 |
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THANK YOU. AS YOU KNOW, SMALL BUSINESSES ARE LIKE FAMILY. AND THOSE THAT STILL PROVIDE COVERAGE... |
| 00:58:27 |
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THE PRESIDENT'S VIEW HAS BEEN THERE SHOULD BE EMPLOYER RESPONSIBILITY AND THAT HAS TO BE BALANCED... |
| 00:59:45 |
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IT IS IMPORTANT ESPECIALLY WITH NFIB WITH THE ECONOMY I COULD NOT AGREE MORE AND I DON'T THINK WE... |
| 01:00:52 |
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THANK YOU LOOK MADAM CHAIRMAN I AM NOT THAT INTERESTED IN WHAT THE LIBERAL OR CONSERVATIVE POSITION... |
| 01:01:56 |
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I WILL LEAVE THE ESTIMATES TO MR. SPERLING. |
| 01:02:02 |
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IS HE MOONLIGHTING FOR THE CBO? |
| 01:02:05 |
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THE EXCHANGES ARE VERY, VERY IMPORTANT TO SMALL BUSINESS AND THE WORK WITH HOW THEY ARE CONSTRUCTED... |
| 01:02:55 |
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IF WE PROVIDE SMALL BUSINESSES DIVERSIFICATION OF RISK AND ECONOMIES OF SCALE THAT SHOULD BRING DOWN... |
| 01:03:12 |
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I THINK RANKING MEMBERS KNOW MENTIONED IT UNLESS. |
| 01:03:20 |
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IS ESTIMATED AT ABOUT 10 PERCENT EVEN THOUGH THEY WILL NOT SCORE THE SAVINGS. |
| 01:03:28 |
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TO A MODERATE ABOUT 10%? |
| 01:03:31 |
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IS THAT OVER 10 YEARS? |
| 01:03:34 |
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WHY WON'T THEY SCORE IT? |
| 01:03:36 |
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TO DIFFICULT TO MEASURE BUT THEY ESTIMATE BY THE SIZE AND WHAT WOULD HAPPEN IT WOULD BE 10% BUT IT... |
| 01:03:49 |
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ASSEMBLY WHO HAS DONE A LOT OF BUDGETS IN THEIR LIFE AND NEVER MORE DO LOOK FOR THE SCORE BUT I FEEL... |
| 01:05:58 |
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AND MAKES INTUITIVE SINCE. IN ADDITION THAT YOU CAN TRY TO QUANTIFY BECAUSE IT IS SO COMPLEX IF YOU... |
| 01:06:15 |
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I THINK THE ECONOMIST AT M.I.T. LOOKED AT COST AND FOUND ANYWHERE FROM THE HUNDREDS OF WAR FOR THE... |
| 01:06:46 |
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WOULD EITHER OF YOU CARE TO BRIEFLY ADDRESS THE AMOUNT OF TAX CREDIT WILL PROVIDE TO SMALL BUSINESSES... |
| 01:06:57 |
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IT IS STRAIGHT FORWARD YOU GET 35 PERCENT OF THE COST OF THE EMPLOYER CONTRIBUTION IN THE FIRST TWO... |
| 01:07:15 |
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BACK GOES RIGHT TO THE BOTTOM LINE CRACKS 35% TO START? |
| 01:07:21 |
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OF THE EMPLOYER CONTRIBUTION THERE IS A DIFFERENT FORMULA. |
| 01:07:26 |
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IF YOUR SMALL BUSINESS IS PROVIDING INSURANCE YOU GET A 35 OR 50% BENEFIT? |
| 01:07:36 |
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RIGHT PARTS OF THIS IS NOT JUST 2011, 2012 IT WOULD BE APPLICABLE. ONE THING THAT THIS DOES OFFER... |
| 01:08:10 |
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THANK YOU. SENATOR PRYOR HAS JOINED US THEN AFTER THIS WE WILL MOVE TO OUR SICK AND PANEL BECAUSE... |
| 01:08:23 |
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I WILL TRY TO BE VERY BRIEF ON MY QUESTIONS. ADMINISTRATOR MEL'S LET ME ASK JUST A GENERAL QUESTION... |
| 01:09:00 |
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THANK YOU SENATOR. AS WE SAID EARLIER, SMALL BUSINESSES ARE PAYING UP AT 18% MORE FOR THE SAME COVERAGE... |
| 01:09:36 |
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BASED ON WHAT YOU KNOW, HOW THE BILLS ARE DRAFTED NOW, ARE WE ADDRESSING THOSE CONCERNS? |
| 01:09:43 |
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YES. THIS BILL AND MANY OF THEM ARE A NUMBER OF PROVISIONS THAT ARE VERY BENEFICIAL. THIS EXCHANGE... |
| 01:10:06 |
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THERE IS A LOT OF CONCERN ABOUT THE EMPLOYER MANDATE. HAVE YOU BEEN HEARING FEEDBACK FROM SMALL BUSINESSES... |
| 01:10:20 |
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I HAVE BEEN TRAVELING AROUND THE COUNTRY TALKING ABOUT HEALTHCARE IN EACH PLACE BECAUSE IT IS AT THE... |
| 01:10:46 |
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THAT IS ALL I HAVE. |
| 01:10:47 |
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THANK YOU BOTH FOR BEING WITH US THIS MORNING AND WE LOOK FORWARD TO CONTINUING TO WORK WITH YOU.... |
| 01:12:51 |
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THANK YOU MADAME CHAIR SMALL BUSINESS MATURITY APPRECIATES OPPORTUNITY TO PROVIDE THE PERSPECTIVE... |
| 01:18:23 |
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I WILL CALL THE NEXT PANEL BUT PLEASE BE PREPARED TO ANSWER THE FIVE OR SIX THINGS OUTLINED WHAT IS... |
| 01:18:41 |
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ON BEHALF OF NFIB OF THE LEADING SMALL-BUSINESS ORGANIZATION THANK YOU FOR HOLDING THIS HEARING FOR... |
| 01:23:54 |
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MS. SULLIVAN? |
| 01:24:03 |
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GOOD MORNING CHARITY 19 AND RANKING MEMBERS NO THANK YOU FOR GIVING ME THE OPPORTUNITY TO TESTIFY... |
| 01:29:18 |
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THANK YOU, MS. SULLIVAN. AS USUAL, WELL SAID. MR. ASHMUS? |
| 01:29:25 |
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THANKS TO BOTH OF YOU FOR INVITING ME. MY NAME IS ED HAISLAMAIER. I HAVE BEEN WORKING AT THE STATE... |
| 01:35:00 |
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I'M GOING TO ASK WHICH OF THE FIVE BILLS THAT HAVE BEEN MARKED UP IN THE CONGRESS COMES CLOSEST TO... |
| 01:35:14 |
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THANK YOU, CHAIRMAN LANDRIEU AND OTHER MEMBERS OF THE COMMITTEE FOR HAVING THIS HEARING. I'M TESTIFYING... |
| 01:40:11 |
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SINCE IT IS BEEN A PARTICULAR INTEREST TO ME AND I KNOW OTHER MEMBERS OF OUR COMMITTEE. TO FIX THIS... |
| 01:41:13 |
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ANY REDUCTIONS IN COST WILL MORE THAN MAKE UP FOR THE ADDITIONAL COST OF APPLYING THE SELF EMPLOYMENT... |
| 01:41:55 |
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I'M NOT SURE I UNDERSTOOD. ARE YOU REFRESHING TO WE'VE REFER TO AS DYNAMIC SCORING -- |
| 01:42:02 |
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YES |
| 01:42:03 |
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-- I THOUGHT SO BUT WHEN IT COMES TO THE SCORING WE WISH CBO WOULD CONSIDER MORE DYNAMIC SCORING WHICH... |
| 01:42:36 |
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IS IT POSSIBLE TO A LONGER PHASE-IN FOR THE WAY THEY DID THE FIRST INITIAL FIX TO MAYBE REDUCE THE... |
| 01:42:57 |
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MR. HAISLAMAIER? |
| 01:42:58 |
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QUITE SIMPLY THIS IS SOMETHING IN ONE FORM OR ANOTHER MEMBERS OF BOTH PARTY HOUSES HAVE DONE. I FELT... |
| 01:43:51 |
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MR. ARENSMEYER I WANT TO ASK, YOU LISTED IN YOUR TESTIMONY AND WE REVIEWED SEVERAL ADDITIONAL STEPS... |
| 01:44:22 |
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YOU KNOW, THE THINGS WE TALK ABOUT PROMOTING INNOVATION AND INCENTIVES SUCH AS HEALTH I.T., YOU KNOW,... |
| 01:45:44 |
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AGAIN THERE COULD BE SOME ADDITIONAL COST CONTAINMENT MEASURES THAT HAVE NOT YET BEEN IDENTIFIED BY... |
| 01:46:32 |
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WELL, NO, I THINK THAT IS JUST ONE IMPORTANT COMPONENT OF COST CONTAINMENT AND WE HEAR CONSISTENTLY... |
| 01:48:01 |
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OKAY. LET ME ASK ALL OF YOU TO COMMENT ON THIS: BOTH OF THE SENATE AND HELP BUILD RELY ON THE 50... |
| 01:48:57 |
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THAT'S WHERE WE STARTED. THAT'S THE POINT WE STARTED WHEN WE STARTED ASKING FOR REFORM. WE ASKED FOR... |
| 01:49:27 |
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THE LIMITS REMIND AS IT IS 25 -- |
| 01:49:29 |
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25 EMPLOYEES. |
| 01:49:30 |
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225 OR LESS YOU HAVE ACCESS AND IF YOU HAVE MORE YOU DO NOT SO IT IS A LIMITED ACCESS. |
| 01:49:37 |
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CORRECT SO OUR MEMBERS FEEL STRONGLY IT HAS TO BE BIGGER THAN THAT OR ALLOW MORE EMPLOYEES IN THE... |
| 01:49:46 |
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ANYONE ELSE? |
| 01:49:49 |
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IT IS FAIRLY SIMPLE THE MORE ROBUST AND LARGE AND EXPENSIVE THE EXCHANGE IS THE MORE LIKELY IT IS... |
| 01:51:06 |
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ONE THING I WANT TO SAY AND I AM GOING TO BE VERY FOCUSED ON THIS HOUSE WE MOVE FORWARD IS TRYING... |
| 01:52:55 |
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COULD I ANSWER YOUR QUESTION, SENATOR? YOU'RE ABSOLUTELY RIGHT EVERYTHING YOU SAID I TOTALLY AGREE... |
| 01:54:45 |
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AND COMPETITION. |
| 01:54:46 |
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AND COMPETITION, THAT'S RIGHT. AND FRANKLY IF CONGRESS DOES NOTHING AND I CONTINUE TO WORK WITH OF... |
| 01:55:35 |
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THANK YOU VERY MUCH. I THINK THIS HAS BEEN HELPFUL AND INFORMATIVE. WE'VE GOT NEW IDEAS ON THE TABLE... |
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.
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